Forsta AP Fonden Reduces Stake in Dell Technologies Inc. $DELL

Forsta AP Fonden lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,900 shares of the technology company’s stock after selling 1,300 shares during the quarter. Forsta AP Fonden’s holdings in Dell Technologies were worth $8,547,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Flagship Harbor Advisors LLC increased its holdings in shares of Dell Technologies by 1.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company’s stock valued at $789,000 after acquiring an additional 71 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Dell Technologies by 35.8% in the 3rd quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock valued at $43,000 after acquiring an additional 78 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Dell Technologies by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company’s stock valued at $3,067,000 after acquiring an additional 78 shares during the last quarter. Lindenwold Advisors INC increased its holdings in shares of Dell Technologies by 1.0% in the 3rd quarter. Lindenwold Advisors INC now owns 9,185 shares of the technology company’s stock valued at $1,302,000 after acquiring an additional 87 shares during the last quarter. Finally, Ancora Advisors LLC increased its holdings in shares of Dell Technologies by 18.6% in the 3rd quarter. Ancora Advisors LLC now owns 556 shares of the technology company’s stock valued at $79,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 0.0%

Shares of NYSE DELL opened at $420.96 on Monday. Dell Technologies Inc. has a 52-week low of $106.38 and a 52-week high of $429.15. The business has a 50-day moving average price of $216.82 and a 200 day moving average price of $159.50. The stock has a market cap of $271.83 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. During the same period last year, the firm earned $1.55 EPS. The firm’s revenue for the quarter was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Sell-side analysts anticipate that Dell Technologies Inc. will post 12.21 earnings per share for the current year.

Dell Technologies News Roundup

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DELL shares. CLSA raised Dell Technologies to an “outperform” rating in a research report on Friday. Loop Capital upped their target price on Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research report on Friday. Daiwa Securities Group upped their target price on Dell Technologies from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. HSBC raised Dell Technologies to a “buy” rating in a research report on Friday. Finally, Wolfe Research cut Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $421.00.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Alan Kennedy sold 19,500 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer directly owned 183,097 shares of the company’s stock, valued at $33,420,695.41. The trade was a 9.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,071,687 shares of company stock worth $501,560,818 in the last ninety days. Company insiders own 41.50% of the company’s stock.

Dell Technologies Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.